New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

Not worth it on a 100k house, probably worth it on a 300k+ house in the long run. 

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

You may run into issues since it's a smaller loan. 

Again, if your $250k is true, and includes all the electrical upgrades, new plumbing runs, potentially new foundation pour (since I assume the existing garage slab is not capable of supporting a new two story house), I am guessing since I don't know the market, but assume you will have a lot of equity by completing the project.

hey everybody i am not recieving notifications of your replies  if everyone can text me there contact to 3108966251 we can set this up and help make these dreams a reality Jose S. this will be a meet up a lot different then most, i will be hosting it at our office where we run our real estate investing company from, 

More importantly why don’t you send money to TripAdvisor, Fairbnb, or booking.com?  

I have been going through this thought process recently running some numbers to on a few investment properties for my wife and I.

The land is in a very non-desirable area pretty much in the middle of no where so I would assume the cost of the land is low but don’t know how the ROI would be after you had the infrastructure up and running.

Often we need to be reminded we’re not running a charity but a business and if we can’t treat our property like a business we either need to sell it or hire someone else to run it.